# The production function is Y = 3KL. If there are 10 units of capital (K) and 50 units of labor...

## Question:

The production function is Y = 3KL. If there are 10 units of capital (K) and 50 units of labor (L), the aggregate output is:

A) 1,500

B) 500

C) 3,500

D) 35,010

## Production Function

The production function shows the relationship between the inputs used by a firm and the total output produced using those inputs. The production function slopes upwards, meaning that the total product increases at a decreasing rate.

## Answer and Explanation:

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Chapter 11 / Lesson 27Learn about the production function. Read the production function definition in economics, learn the production function formula. Plus, see graphs and examples.

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